Joe Biden, Hunter Biden, Nantucket, Massachusetts, November 29, 2024. REUTERS/Craig Hudson |
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REUTERS/Florence Lo/Illustration/File Photo |
- The US will launch its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, said two people familiar with the matter.
- China's 10-year yield dropped below 2% to hit its lowest point on record, breaking a psychological barrier as a sputtering economy and bets on further rate cuts drive investors into the safety of bonds.
- Stellantis, whose CEO Carlos Tavares quit abruptly on Sunday, struggled as rising prices at its mass-market marques have driven away inflation-hit customers, according to Reuters' interviews and a review of pricing data.
- Workers at nine Volkswagen car and component plants across Germany started strikes lasting several hours, bringing assembly lines to a halt as labor and management clash over the future of the carmaker's German operations.
- British house prices rose at their fastest annual pace in two years in November, adding to signs of resilience in the property market despite high borrowing costs, data from mortgage lender Nationwide showed.
- Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank.
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Can the Panama Canal reinvent itself before the next drought? |
Tres Hermanas community is one of the towns that will be drowned if a project to build a new water reservoir moves forward. REUTERS/Enea Lebrun |
Threatened by climate change, the Panama Canal has big plans to combat drought. Energy Correspondent Marianna Parraga speaks to the Reuters World News podcast about the controversial dam project. |
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Active and defunct satellites in low Earth Orbit. Digantara Handout/via REUTERS |
The rapid increase in satellites and space junk will make low Earth orbit unusable unless companies and countries cooperate and share the data needed to manage that most accessible region of space, experts and industry insiders said. |
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